A&O Shearman advises Bitstamp and its major shareholder NXMH on the sale of the cryptocurrency exchange to Robinhood

NXMH is a pan-European investment firm with EUR3 billion of assets under management. They manage an evergreen source of capital dedicated to backing promising brands in the consumer and cryptocurrency spaces. They add value by providing patient capital to entrepreneurial teams.

Peter Banks, lead partner on the deal and European private equity sector lead said, “the sale of a crypto exchange poses a number of complex challenges as a consequence of the fast-evolving regulatory landscape applicable to industry participants. The transatlantic A&O Shearman team were delighted to support our client on this journey, having advised Bitstamp and NXMH for many years through a number of stages of Bitstamp’s development. The success of this transaction demonstrates the strength of our global private equity capability as well as our significant FinTech and regulatory expertise.”

The team was led by London partner Peter Banks, New York partner Dario de Martino and London senior associate Jeremy Wilkins. With support from associates Stephanie Ference, Mara Goodman, Oliver Barron and Phoebe Toyne-Bridges.

Financial services regulatory advice was provided from London by Nick Bradbury and Gregory Talbot, in the U.S. by Todd Beauchamp, Charles Weinstein and Bill Satchell and in Luxembourg by Baptiste Aubry.

ABAC, sanctions and other regulatory advice was provided by Matt Townsend in London, with Ken Rivlin and Kuang Chiang in the U.S.